RE: Equity Raise/Placement27 Dec 2020 18:17
We’ve been told that the pipeline will cost between $3-$5million. That’s a huge range but having funded house builds myself I know how much they can go over budget. Let’s take worse case scenario of $5m, which equates to(rounded up) £4m. If £4m is to be raised (assuming a 2p placing) that would be an additional 200m shares being issued, giving us a total of 881m shares in issue. The diamond and mineral production has been quoted previously to have a Mcap in excess of £25m annually. Taking this Mcap alone with the additional share issue would give Kazera a share price of 2.8p with funding in place for the pipeline. Now add in (once pipeline completed) the additional resource of tantalite, and other minerals found, you can see why this could multi bag many times from the current price.